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The Displacement of the Economy

In: The Lean Enterprise

Author

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  • Alexander C. Tsigkas

    (Democritus University of Thrace)

Abstract

The economic system governing mass production and mass consumption has reached its sunset. The era of meta-capitalism characterized by the economy of one instead of a mass economy, has appeared as its successor. Wealth creation in meta-capitalism is due to value created by the interaction of individuals with other members of society. In meta-capitalist society, people undertake responsibility for their autonomation – a process coined by the term socionomation. Economics in meta-capitalism is not compatible with those driving mass production and so a new one should be developed, coined by the term socionomics reflecting the new reality. In the new era, growth is displaced to a new topos, where the cost of production is not the differentiating factor and profit must be redefined. This is the way to sustainable growth in a displaced economy.

Suggested Citation

  • Alexander C. Tsigkas, 2013. "The Displacement of the Economy," Springer Texts in Business and Economics, in: The Lean Enterprise, edition 127, chapter 2, pages 13-21, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-29402-0_2
    DOI: 10.1007/978-3-642-29402-0_2
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